“The Bigger Picture For The West Is Very Grim Indeed”

With the stock market celebrating the nomination of new mega-money printing Fed Chair, today Canadian legend John Ing warned King World News that “the bigger picture for the West is very grim indeed.” Ing, who has been in the business for 43 years, also told KWN “We are about to get a move in gold, and it will be quite dramatic.”

Ing: “The markets are focused on will they or won’t they reach an agreement in Washington. To me, this is all noise, just like the Yellen appointment. Meanwhile, we also have three of the bullion banks talking about lower gold prices — down to $1,050. Even if we have a short-term resolution in Washington, the US still has $17 trillion of debt, and it’s still mounting….